The Vermont Statutes Online

Subchapter
003
:
FORMAL PROCEEDINGS

(Cite as: 8 V.S.A. § 7083)

§
7083. Distribution of assets

Under the
direction of the Court, the liquidator shall pay distributions in a manner that
will assure the proper recognition of priorities and a reasonable balance
between the expeditious completion of the liquidation and the protection of
unliquidated and undetermined claims, including third party claims.
Distribution of assets in kind may be made at valuations set by agreement
between the liquidator and the creditor and approved by the Court. (Added 1991,
No. 45, § 2, eff. May 29, 1991.)